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superstorm sandy having an impact as well. customers in the northeast headed to dealerships with insurance checks in hand giving them so-called wealth effect. we have the foxnews.com automotive editor with sandy ace impact on car sales and overall industry check as well. great to see you. >> you too. lori: talk about sandy. we saw cars literally floating out to see. you automatically thought this would be a boon for the auto industry. what was your take? >> definitely helped. there were 200 to 250,000 cars destroyed. not quite that many were sold last month but played into the increase we saw to a certain extent. used car sales were not up as much. true car.com estimating 4%. lori: give the time of year i was reading that the storm and length of time on average people holding onto the cars is like 11 years is actually giving support to overall car prices. can you comment on that? >> yes. sales, transaction prices were up. so were incentives. so kind of balanced itself a little more. people are spending more on cars. shoving a
superstorm sandy having an impact as well. customers in the northeast headed to dealerships with insurance checks in hand giving them so-called wealth effect. we have the foxnews.com automotive editor with sandy ace impact on car sales and overall industry check as well. great to see you. >> you too. lori: talk about sandy. we saw cars literally floating out to see. you automatically thought this would be a boon for the auto industry. what was your take? >> definitely helped. there...
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the labor department says no affect on sandy. there was some data that pointed to the fact that people were leaving the workforce because of sandy. >> the numbers speak for themselves. i do not think the full effects can be known until maybe a couple of weeks. there certainly are people that cannot go to work and have been laid off because businesses are out. there are all sorts of new jobs that have sprung up. i may head down there and start looking for a job myself. cheryl: construction, there was a loss of 20,000. most of us expected a little bit of a game and that ector. >> maybe it will take a little bit longer to give up. my brother is still out of his house. they cannot get anyone to do work on it yet. cheryl: let's go over to the cme. i know that metals has been a big focus for a lot of traders today. what are you watching? >> just the price action in gold. it really gives the feedback. people, you know, maybe a risk on trade. it jumps back to the 17th 04 daily highs. that makes me believe i want to belong before the meet
the labor department says no affect on sandy. there was some data that pointed to the fact that people were leaving the workforce because of sandy. >> the numbers speak for themselves. i do not think the full effects can be known until maybe a couple of weeks. there certainly are people that cannot go to work and have been laid off because businesses are out. there are all sorts of new jobs that have sprung up. i may head down there and start looking for a job myself. cheryl:...
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Dec 10, 2012
12/12
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look no further than superstorm sandy. gore calling on the president and congress to act and act now. that may mean a carbon tax? however, listen to this, a study from colorado state university says the exact opposite. that sandy was not caused by climate change. we will talk about all that in a moment. plus, you want proof that raising taxes does not work, that it doesn't bring in more money? well, in california, where they just voted to raise taxes big-time, the state is more than 800 million dollars short of the revenue it expected to bring in, because when you raise taxes, some people leave. check the big board. same old same old same old. the dow is flat, up just 23 points in the early going this monday morning. here is our company: sandra smith is with us. the conservative commentator is with us. and nicole petallides is there on the floor of the new york stock exchange. here we go, new at 10:00, the latest climate change rant from former vice president al gore. he blames pollution for causing climate change, which h
look no further than superstorm sandy. gore calling on the president and congress to act and act now. that may mean a carbon tax? however, listen to this, a study from colorado state university says the exact opposite. that sandy was not caused by climate change. we will talk about all that in a moment. plus, you want proof that raising taxes does not work, that it doesn't bring in more money? well, in california, where they just voted to raise taxes big-time, the state is more than 800 million...
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industry-wide because of sandy. toyota said they they 400,000 cars were damaged in sandy, a boost to gm and ford. look at the stock there. ford stock not harmed by news of another recall for them. that recall's interesting because they don't have a great fix for that, but, you know, didn't hurt the stock. sales, obviously, still pretty good, really bringing it to toyota on those electric and those hybrid sales. good for u.s. auto makers as well. there's the headlines. auto industry. >> jeff from chicago. >> literally up to speed. >> ha-ha, very good. >> thank you, couldn't resist. >> well -- >> ups and amazon have jobs in the shipment facilities, but there's not a way to fill them. tell you why. >> all right. the idea that the president should negotiate the debt deal with congress on c-span, they should televise the whole thing. realistic or something we would ever want to watch? neil cavuto, we'll see what he thinks of it. heath coming up live in studio, but, first, markets here on "markets now," and here's the win
industry-wide because of sandy. toyota said they they 400,000 cars were damaged in sandy, a boost to gm and ford. look at the stock there. ford stock not harmed by news of another recall for them. that recall's interesting because they don't have a great fix for that, but, you know, didn't hurt the stock. sales, obviously, still pretty good, really bringing it to toyota on those electric and those hybrid sales. good for u.s. auto makers as well. there's the headlines. auto industry. >>...
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david: sandy in for liz today, good to see you. san da: good to see you. david: jpmorgan whale trader, the senate's been investigating it. questioning as many as 80 people who may have been associated. we're expecting some breaking news any moment now about that investigation. l. >> and we'll have that for you as it comes in. david: let's go to lauren simonetti. she's at the new york stock exchange. lauren, let's start right off, what's happening? the market is down 56 points on the dow right now. dell, however, had a nice pop today based on what goldman sachs was saying about it. >> exactly. goldman upgrading the stock all the way to a buy from a sell. it was one of the best performers not only on the s&p 500, but also on the nasdaq 100. so dell certainly a winner today. >> and, lauren, we saw you wearing your uggs on the trading floor, deckers outdoor the maker of those boots, it's getting a nice pop. >> up more than 9%. the folks over at stern ag upping the stock to a buy but also saying the season of the ugg is going to be august of
david: sandy in for liz today, good to see you. san da: good to see you. david: jpmorgan whale trader, the senate's been investigating it. questioning as many as 80 people who may have been associated. we're expecting some breaking news any moment now about that investigation. l. >> and we'll have that for you as it comes in. david: let's go to lauren simonetti. she's at the new york stock exchange. lauren, let's start right off, what's happening? the market is down 56 points on the dow...
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Dec 10, 2012
12/12
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FBC
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the jerseys can industry suffered the biggest drop thanks to superstar sandy. atlantic city's casino revenue slipped nearly 28%. each of the city's 12 casinos reported declines with for down for a month. we continue our "countdown to the closing bell" with liz claman. liz: the fiscal cliff talk is everywhere, always good to be hearing about lately, but is there really something else that can be bubbling under the surface that could send the market into a tailspin that we should be talking about now? join me in a fox business exclusive, 2003 nobel laureate in economics and nyse will institute director. he has a whole institute for volatility. spotting risk. we thought let's bring you in and talk about noo the fiscal cliff of the three hidden risks people should be talking about but aren't. how did you identify them? >> there are lots of things people worry about, but which of the really big ones and what kind of a timefram time frame ae talking about? decade?out next week or next we talk about the big risk to have to look further in the future. liz: the next yea
the jerseys can industry suffered the biggest drop thanks to superstar sandy. atlantic city's casino revenue slipped nearly 28%. each of the city's 12 casinos reported declines with for down for a month. we continue our "countdown to the closing bell" with liz claman. liz: the fiscal cliff talk is everywhere, always good to be hearing about lately, but is there really something else that can be bubbling under the surface that could send the market into a tailspin that we should be...
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still willing from super storm sandy here in the northeast. peter barnes in washington with the latest on that effort. speaker according to "the new york times" for white house will be looking for about $50 billion to help rebuild from hurricane sandy. officials testifying declined to comment that number but they did say the white house will be sending in disaster relief bill up to congress by the end of the week. the three hardest hit states: new york, new jersey and connecticut alone are seeking $80 billion in federal help. the administration is teeing up a big request. >> much of the impact of sandy go beyond fema programs. fema's assistance is limited, maximum benefits of individual family could receive is about $31,000 if they have no assurance. others that will not rebuild destroyed or damaged home to did not have insurance. >> woke up to this headline. u.s. denies aid to the maryland storm victims. this is the picture of the face of maryland going through the storm. i will not show you the pictures of the lower shore this morning. >> a
still willing from super storm sandy here in the northeast. peter barnes in washington with the latest on that effort. speaker according to "the new york times" for white house will be looking for about $50 billion to help rebuild from hurricane sandy. officials testifying declined to comment that number but they did say the white house will be sending in disaster relief bill up to congress by the end of the week. the three hardest hit states: new york, new jersey and connecticut...
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we have learned that in our area with superstorm sandy. is there anything you can do locally to make a difference? do you have to wait for the president to give you money and declare this state or is there anything locally that can be done or privately? >> no. actually, i think federally is wre we're going to have to look to see a solution to this problem. that and t the sky for rain. we need this process of blasting these rock pinnacles to be expedited as fast as possible. we need more water to be released out of the missouri river and missouri river basin and we'll need more rain otherwise it will be huge economic impact to the american consumer. melissa: let's talk about that. besides the fact this is pretty astounding and a lot of us don't know it is going on it will ultimately impact us because if there are $7 billion worth of goods going through this area that has a domino effect to the rest of the country interms of prices. what could we expect to see in the rest of the country? >> i think what you can see as direct example is you h
we have learned that in our area with superstorm sandy. is there anything you can do locally to make a difference? do you have to wait for the president to give you money and declare this state or is there anything locally that can be done or privately? >> no. actually, i think federally is wre we're going to have to look to see a solution to this problem. that and t the sky for rain. we need this process of blasting these rock pinnacles to be expedited as fast as possible. we need more...
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the company is blaming superstorm sandy for its lackluster performance. republicans submitted their solution to the fiscal cliff yesterday. white house and other democrats dismissed it immediately. take a look at how that affected the market this morning. not at all. the dow is up 43. 13,000 is where we are. liz macdonald says we will see is a last minute deal, christmas eve, new year's eve, on the fiscal cliff. we shall see. next, a special early my take. i am fired up about the prospect of ambassador anna wintour. i couldn't wait for the normal time. i'm going to do it early. stay right there. and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. that's why ally has ia raise your rate cd.n. ally bank. your money needs an ally. stuart: california high taxes, strict green laws, a liberal supermajority in the statehouse, not exactly business friendly. that's why so many businesses are leaving. they are going to places like phoenix. so we're going to talk to the mayor of phoenix. greg s
the company is blaming superstorm sandy for its lackluster performance. republicans submitted their solution to the fiscal cliff yesterday. white house and other democrats dismissed it immediately. take a look at how that affected the market this morning. not at all. the dow is up 43. 13,000 is where we are. liz macdonald says we will see is a last minute deal, christmas eve, new year's eve, on the fiscal cliff. we shall see. next, a special early my take. i am fired up about the prospect of...
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Dec 7, 2012
12/12
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CNBC
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hurricane sandy, though, still making waves. analysts expect the super storm to dent unemployment figures out later today. we'll review that report when we come back. >>> here are the headlines. u.s. job growth is expected to have slowed significantly in november as hurricane sandy battered the economy. japanese authorities have lifted all tsunami warnings after a 7.3 magnitude quake struck off the northeastern coast. and bundesbank has sharply lowered germany's growth outlook from 1.6 to a mere 0.4%. it's warned of an imminent recession as problems in europe periphery weigh. futures at the moment forecasts a soft start. down 15 at the moment on the dow, nasdaq currently called down 3.8, and s&p 500 around 1.5 points. european stocks are flat really. forgave points for the ftse, xetra dax is up though at it highest level since 2008. up nearly 28% this year. flat on the cac, ibex down two thirds. but hurricane sandy is expected to have put a pretty big accident in the november u.s. jobs report. it's out at 8:30 eastern. nonfarm p
hurricane sandy, though, still making waves. analysts expect the super storm to dent unemployment figures out later today. we'll review that report when we come back. >>> here are the headlines. u.s. job growth is expected to have slowed significantly in november as hurricane sandy battered the economy. japanese authorities have lifted all tsunami warnings after a 7.3 magnitude quake struck off the northeastern coast. and bundesbank has sharply lowered germany's growth outlook from 1.6...
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apparently no impact from superstorm sandy. the unemployment rate went down 7.7%. here is the reason why. the labor force participation rate down to 63.6%, and 350,000 people passed the work force and gave up looking for work. that is the real story in the jobs report. that is why many -- why the rate came down. a lot of people flat out discouraged. the white house releasing a statement on the jobs report, same as always saying the economy is growing, policies are working. only a small game for stocks this morning. dow industrials, 51 points. back in a moment with a young republican. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for ristmas delivery. i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to bathe, i thought those days might be over. so my doctor prescribed symbicort. it heps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicor
apparently no impact from superstorm sandy. the unemployment rate went down 7.7%. here is the reason why. the labor force participation rate down to 63.6%, and 350,000 people passed the work force and gave up looking for work. that is the real story in the jobs report. that is why many -- why the rate came down. a lot of people flat out discouraged. the white house releasing a statement on the jobs report, same as always saying the economy is growing, policies are working. only a small game for...
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melissa: so is global warming to blame for hurricane sandy, right? former vice president al gore thinks so and blames president obama for not doing enough to fix it. >> it is causing these extreme weather events. dirty energy causes dirty weather. and we have to come to our senses and do something about it. i deeply respect our president. i'm grateful for the steps that he has taken but we can not have four more years of mentioning this occasionally and saying it's too bad that the congress can't act. melissa: but then, colorado state university researchers out today with a report that says hurricane sandy was not influenced by global warming and lou dobbs is here now to weigh in. >> so i tell you, what is all that with, he wasn't that animated at any point --. melissa: that was nicest part of the speech. i watched the whole thing. he got really agitated. he said our atmosphere is open sewer. yeah, i don't know. >> he ought to look at the colorado state survey which shows over two periods, one in which there was very little carbon dioxide, that is 18
melissa: so is global warming to blame for hurricane sandy, right? former vice president al gore thinks so and blames president obama for not doing enough to fix it. >> it is causing these extreme weather events. dirty energy causes dirty weather. and we have to come to our senses and do something about it. i deeply respect our president. i'm grateful for the steps that he has taken but we can not have four more years of mentioning this occasionally and saying it's too bad that the...
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the new book that what has been impacted by sandy. there is some conflicting information coming out. cheryl: we start to look at the data you get into the data better. if you have 7.7 unemployment rate, it fell because people dropped out of the labor force. were they cleaning up basement somewhere in the northeast, where they hoping volunteer? >> or could they just not get to whereethey needed to go. this is so important. look at the trend line. job creation has been around 150,000. the labor participation rate continues to drop. that has been a big concern. cheryl: 369,000 said yes to being out to work because of the weather. there is a lot of anxiety about our investment as we get towards the end of the month. >> it is all about financial strength and strong balance sheets. the economy continues to chug along and approve slowly. but slowly we are being weighed down by the fiscal cliff. cheryl: that means a new year's eve selloff. >> you will not time it if you are an investor. focus on companies that have strong balance sheets, pay
the new book that what has been impacted by sandy. there is some conflicting information coming out. cheryl: we start to look at the data you get into the data better. if you have 7.7 unemployment rate, it fell because people dropped out of the labor force. were they cleaning up basement somewhere in the northeast, where they hoping volunteer? >> or could they just not get to whereethey needed to go. this is so important. look at the trend line. job creation has been around 150,000. the...
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. >> we might get a free pass, sandy pass no mat what they are. if they're disas truss it was sandy. if the economy is great --. ashley: so difficult to trade in this environment right now. >> it is so difficult to trade. people have to be very aware. that is the key word you use, trade. do you want to be a trader or do you want to be an investor? so many people tell me, charles, i don't want to be trader. they buy at 30, goes to 28.04, oh, my god i need to sell it, i'm losing my shirt!. what the heck. i thought you didn't want to be a trader? one of the reasons i'm getting a little bit bullish about the market in general. i'm a individual stock guy. i don't like to do the macro thing. i like the way the market acts. we've seen a shaking out of the weak sisters. we had the market pull back sharply. we saw the pullback in apple. weak holders of stocks, weak sisters have for the most part been shaken out. it would take disasterous news --. ashley: talking about disaster, what if we went over the cliff? >> if we did go over the cliff and saw the mark
. >> we might get a free pass, sandy pass no mat what they are. if they're disas truss it was sandy. if the economy is great --. ashley: so difficult to trade in this environment right now. >> it is so difficult to trade. people have to be very aware. that is the key word you use, trade. do you want to be a trader or do you want to be an investor? so many people tell me, charles, i don't want to be trader. they buy at 30, goes to 28.04, oh, my god i need to sell it, i'm losing my...
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missouri businessman is posing as a secret santa giving away $100,000 in hundred dollar bills to hurricane sandy survivors. thisgenerosity is matched only by his humility. he insists on remaining anonymous and not being photograed all. here is a clue. he and his security entourage have been spotted with red caps watch with the word. [indiscernible] we all love hundred ollar bills, but not everyone feels the same way about the dollar bill. a new report arguing we should get rid of the dollar bill and replace it with a heavier, but longer lasting dollar coin. why? they say because doing so would save us about $146 million per year. if we want to wage a war on currency, maybe they should think about getting rid of the penny. by some estimates it would save the $60 million per year. it costs to and a half cents to make every penny. now, that is a government at work. two and half cents for every penny. president obama planning to meet with governors next week as pt of his effort t talk with people about avoiding th fiscal cliff. members of the national governors' association executive committee meeti
missouri businessman is posing as a secret santa giving away $100,000 in hundred dollar bills to hurricane sandy survivors. thisgenerosity is matched only by his humility. he insists on remaining anonymous and not being photograed all. here is a clue. he and his security entourage have been spotted with red caps watch with the word. [indiscernible] we all love hundred ollar bills, but not everyone feels the same way about the dollar bill. a new report arguing we should get rid of the dollar...
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Dec 7, 2012
12/12
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WUSA
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did superstorm sandy deliver a hit to hiring. >>> the duchess of cbridge is discharged from the london hospital where she was treated for morning sickness april and for the first time one of kate's relatives is talking about her pregnancy. >> what is your reaction about the news to duchess of cambridge. >> how do you know i'm not a radio station? >> this is the "cbs morning news" for friday, december 7, 2012. >>> good morning. good to be with you. i'm terrell brown. a strong earthquake hit northeastern japan this morning, the magnitude 7.3 quake struck in the early evening in the same area that suffered a powerful quake and tsunami last year. a tsunami warning has been issued. residents have been told to move to higher ground. the fukushima nuclear plant has not been damaged. the quake was felt as far south as tokyo. lucy craft is in tokyo. what can you tell us? >> reporter: no reports of damage or injury. it's still way too early. we have a tsunami warning. the tide is about three feet or two meters or one meter, i should say. very interesting, this time the warnings came very "fast a
did superstorm sandy deliver a hit to hiring. >>> the duchess of cbridge is discharged from the london hospital where she was treated for morning sickness april and for the first time one of kate's relatives is talking about her pregnancy. >> what is your reaction about the news to duchess of cambridge. >> how do you know i'm not a radio station? >> this is the "cbs morning news" for friday, december 7, 2012. >>> good morning. good to be with you....
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Dec 3, 2012
12/12
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KRON
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off the sandy spending included floating shelters, emergency supplies. the cause for new york state alone is about $33 billion. federal contract spending related to a sandy does not come close to the amount spent in the work week of hurricane medicare patients have save $5 billion on prescription drugs since passage of the health-care overhaul two years ago. the savings are a continuation of the 2010 health care laws attempt to close the door on the whole or the prescription drug expenses that can wants medicare runs out. the budget office announced an added benefit. cheaper drugs means more people taking their medication and reducing long-term medical costs. >> schools for thousands of public school students is about to get longer. five states will announce today their adding at least 300 hours of learning time to some schools starting next year. we're talking about paul rafeal, connecticut, massachusetts, new york and tennessee all taking part in this initiative. the goal is to improve student achievement and make u.s. schools more competitive on the g
off the sandy spending included floating shelters, emergency supplies. the cause for new york state alone is about $33 billion. federal contract spending related to a sandy does not come close to the amount spent in the work week of hurricane medicare patients have save $5 billion on prescription drugs since passage of the health-care overhaul two years ago. the savings are a continuation of the 2010 health care laws attempt to close the door on the whole or the prescription drug expenses that...
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Dec 7, 2012
12/12
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KPIX
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what role did sandy play in last month's hiring. this is the morning news. port. what role did sandy play in hiring? ♪ [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands around for the holidays. because it's nice to have an extra pair of hands around ♪ ♪ there's no such thing whenas too soft. toilet paper, i know what i like. i like feeling both clean and pampered. why should i compromise? quilted northern ultra plush® with the innerlux layer. for a comfortable, confident clean, or your money back. maybmaybe you can't.re; when you have migraines with fifteen or more headache days a month, you miss out on your life. you may have chronic migraine. go to mychronicmigraine.com to find a headache specialist. and don't live a maybe life. >>> t
what role did sandy play in last month's hiring. this is the morning news. port. what role did sandy play in hiring? ♪ [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands...
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Dec 10, 2012
12/12
by
FBC
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david: hurricane sandy, so one figure that said it may have cost the lives of 250 cars. not all of them will be replaced, but most of them will be. it is an awful way to get it, but a boost for the auto industry, right? >> absolutely. many will be new cars, so you're looking at a nice boost in sales and the good thing is because these cars had they been replaced the normal cycle would noandnot have all come at once. do not take a bbg piece of the future buying cycle. a nice silver lining. david: now chrysler is an italian car company. the italians, the parent company is going to awful times. quitting because of the sales. is there any possibility. now they are not supposed to do this, but is there any possibility tie-ins will pour some of the profits they're making from chrysler here and use them to pay out the parent company in italy? >> i suppose the possibilities are always there. certainly talking about a global company to the extent you're doing better in one market and then another is always a bit of shifting around. at this point i think north america for all the
david: hurricane sandy, so one figure that said it may have cost the lives of 250 cars. not all of them will be replaced, but most of them will be. it is an awful way to get it, but a boost for the auto industry, right? >> absolutely. many will be new cars, so you're looking at a nice boost in sales and the good thing is because these cars had they been replaced the normal cycle would noandnot have all come at once. do not take a bbg piece of the future buying cycle. a nice silver lining....
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Dec 3, 2012
12/12
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. >>> more than a month after hurricane sandy, the governors of new york and new jersey are asking for $80 billion in federal aid. many homeowners thought they were already covered by federal flood insurance but as michelle miller reports this morning they are getting an unwelcomed surprise. >> reporter: roman and mariana's staten island home was flooded by 11 feet of water when sandy struck. >> how high did the water come in? >> it went through the ceiling on to the first floor. >> reporter: they had flood insurance through fema. that's common for people who live in flood zones. they thought the inspector from fema would give them a check to repair $100,000 in damages. >> first floor where you're standing right now is definitely not covered by the flood policy. >> why? >> this neighborhood is considered to be in the flood zone. >> reporter: under fema's flood insurance program the first floor of a house should be used for parking or storage only. furnaces and water heaters are covered but finished walls, floors and furniture are not. that caught them and other homeowners we met by sur
. >>> more than a month after hurricane sandy, the governors of new york and new jersey are asking for $80 billion in federal aid. many homeowners thought they were already covered by federal flood insurance but as michelle miller reports this morning they are getting an unwelcomed surprise. >> reporter: roman and mariana's staten island home was flooded by 11 feet of water when sandy struck. >> how high did the water come in? >> it went through the ceiling on to the...
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Dec 7, 2012
12/12
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FOXNEWSW
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. >> today's unemployment effort will be the first since super storm sandy hit the east. any jobs that were lost economists are expecting a lousy report as a result of the storm. but regardless of what the number is, we are still one day closer to the fiscal cliff. even though speaker of the house john boehner's office says the lines of communication on both sides are open we know one thing is not being discussed by democrats and that one thing is extending the busheir raw tax cuts for top earners. >> oo i am not going to sign any package that prevents the top to go up but i am going to get something that is good for this fm lay and good for the american economy. >> in the senate mitch mcconnell proposed a vote on the part of the president's proposal that would allow the white house and not congress to control on its own without their input. but majority leader harry reid said that is not. >> if the president's proposal is made in good faith our friends should be eager to vote for them. so i am surprised the majority leader declined a chance for them to support it for the
. >> today's unemployment effort will be the first since super storm sandy hit the east. any jobs that were lost economists are expecting a lousy report as a result of the storm. but regardless of what the number is, we are still one day closer to the fiscal cliff. even though speaker of the house john boehner's office says the lines of communication on both sides are open we know one thing is not being discussed by democrats and that one thing is extending the busheir raw tax cuts for...
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. >> you saw jobless claims are up but sandy will handicap it a bit. we will won't see a clean job number until next year. once again it will be at my number and will be waiting for the fed. >> oil coming downn it is simply a story of a lot of supply, less demand. >> that has been the story for the last year. we had plenty of demand, plenty of supply, demand is only deteriorated as we have gone through the year and entering the season without a lot of driving going on. when you take out the fear we have of things going on in syria or iran you see us treating at $78 as opposed to where we are now but -- [talking over each other] liz: when you push it out a couple months to the future of the market and look at the trend -- >> it looks to me like we should be trading $3 or $4 or $6 or $8 lower from here and look for the trend to continue as we go further through the winter unless something happens in the middle east. liz: thank you very much. grinding higher by 14 points. have a good day. thanks for joining us on the floor show. 25 days and counting for c
. >> you saw jobless claims are up but sandy will handicap it a bit. we will won't see a clean job number until next year. once again it will be at my number and will be waiting for the fed. >> oil coming downn it is simply a story of a lot of supply, less demand. >> that has been the story for the last year. we had plenty of demand, plenty of supply, demand is only deteriorated as we have gone through the year and entering the season without a lot of driving going on. when...
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Dec 4, 2012
12/12
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a little bit of that was the replacement of cars from superstorm sandy. that is really good news there for the auto sector. the markets have been down lately. we had average to poor manufacturing data out of the u.s. in the last 24 hours as well. also keep an eye on the big accounting companies as well. the sec is taking aim at them allegedly haven't handed over the documents that the sec wants to see in relation to chinese companies listing in canada and the united states when those companies listed very often they performed really badly amid accounting issues as well. the sec taking aim at the accountants. >> all right, steve. >> actually, the london markets today are going to be crazy. when you talk to steve about that. >> out of hand. >> a lot of big news going on over there. >> yeah. i'm sort of -- >> popping, explode. >> i don't know how i feel about reporting on these things. >> then let me do it. it's official, kate middleton, the duchess of cambridge is pregnant. they went public with the news yesterday earlier than they wanted to because kate wa
a little bit of that was the replacement of cars from superstorm sandy. that is really good news there for the auto sector. the markets have been down lately. we had average to poor manufacturing data out of the u.s. in the last 24 hours as well. also keep an eye on the big accounting companies as well. the sec is taking aim at them allegedly haven't handed over the documents that the sec wants to see in relation to chinese companies listing in canada and the united states when those companies...
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Dec 10, 2012
12/12
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KTVU
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superstorm sandy. would bring it down by about 80,000. on the other side of the equation, you actually had an early thanksgiving, which could have added some jobs as employers pulled forward their normal seasonal hiring. so the 146, or 147, is about the same as- > 147,000 jobs created. > > right. is about the same as what has been created over the last two years. in 2011 the number was about 150,000 on average. in 2012, 150,000 on average. > it's also based on - at least the unemployment rate of 7.7% - it went down a little bit - based on the fact that there were fewer people looking for work, not more people finding work. > > sure. at the end of the day, i think there are really two things, and i harp on these each and every time i come on the show, that are kind of driving unemployment in this country. one, i think there's a structural problem. i don't think the fed is going to be able to have people create more jobs, because there is a problem with a mismatch of skills. there are two articles in friday's wall street journal that kind o
superstorm sandy. would bring it down by about 80,000. on the other side of the equation, you actually had an early thanksgiving, which could have added some jobs as employers pulled forward their normal seasonal hiring. so the 146, or 147, is about the same as- > 147,000 jobs created. > > right. is about the same as what has been created over the last two years. in 2011 the number was about 150,000 on average. in 2012, 150,000 on average. > it's also based on - at least the...
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Dec 5, 2012
12/12
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FOXNEWSW
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these toys are heading to new jersey to lift of the spirits of chdren affected by hurricane sandy. >> i like the military and everything. it was awesome meeting everybody and talking to everybody and also getting the presents. >> his father is a volunteer firefighter and helped perform rescue while his own home was taking on water. >> i would rather be giving and helping than receiving. it is nice to know that there is much love and appreciation for everybody. >> in addition to helping families, toys for tots is assisting the charities. at a time when they can't think of toys when they are focusing on basics of food and water. >> families want to have a holiday eep though they are in hotel rooms and couches of friends. this will help us. >> christmas cheer delivered on wippings of angels. this is fox news. >> i think that is the real santa there. >> i have seen the blue angels. they are fantastic. time for the awesomely bad christmas cards and photos. here is one from georgia. mom and dad having trouble getting their son marshall to sit still for a picture with
these toys are heading to new jersey to lift of the spirits of chdren affected by hurricane sandy. >> i like the military and everything. it was awesome meeting everybody and talking to everybody and also getting the presents. >> his father is a volunteer firefighter and helped perform rescue while his own home was taking on water. >> i would rather be giving and helping than receiving. it is nice to know that there is much love and appreciation for everybody. >> in...
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Dec 3, 2012
12/12
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CNBC
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sandy. post-sandy storm. buying in the new york, new jersey area. in fact when you talk with dealers in that area they say they saw sales gained throughout the month and that's good news for luxury automakers. bmw just reported sales increasing 38.8% for the year. they've sold almost a quarter million bmws here in the united states and as a company, when you lump in mini , they believe they'll excel past the record of 2007. let's look at the monthly sales rate or annual sales rate. right now we are on track to finish this year probably at about 14 1/2 million. that's going to fall shy of the 16 million in 2007 but above what we saw in 2008. it's certainly what we were expecting and we'll have even stronger numbers in december. >> it is a really good numbers from honda as well. phil lebeau, thank you for that. >>> twint che >>> i want to check back in with jackie deangelis. president taking questions via twitter. >> the first question was@paulmmckenzie. can you assure us that any fiscal cliff negotiations regarding entitlement reform will not hurt th
sandy. post-sandy storm. buying in the new york, new jersey area. in fact when you talk with dealers in that area they say they saw sales gained throughout the month and that's good news for luxury automakers. bmw just reported sales increasing 38.8% for the year. they've sold almost a quarter million bmws here in the united states and as a company, when you lump in mini , they believe they'll excel past the record of 2007. let's look at the monthly sales rate or annual sales rate. right now we...
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Dec 7, 2012
12/12
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KTVU
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tim, we are being told there could be a murky jobs number because of hurricane sandy. what do you think about that? > > i think the market will dismiss a weaker-than-expected number because of hurricane sandy and the distortions that it has and look more toward next month, or january's report, that we will get. so, i think they will let it slide. but it should be weaker than expected. i think that is expected by the market, so it shouldn't be a surprise. > goldman sachs has a call out that we will see a renaissance in commodities. are you bullish on any particular commodities here? > > i am bullish on the agriculturals, for reasons of which the supply and also the growing drought that we had this past year, the continued conditions that make for dry growing season next year as well. so i think from a supply/demand standpoint, yes, i think agricultural. the other thing i like, commodities in general, is when the fed's buying $85 million a month worth of treasuries, i think you are going to have to like commodities. > what is your play on the dollar? > > i would have exp
tim, we are being told there could be a murky jobs number because of hurricane sandy. what do you think about that? > > i think the market will dismiss a weaker-than-expected number because of hurricane sandy and the distortions that it has and look more toward next month, or january's report, that we will get. so, i think they will let it slide. but it should be weaker than expected. i think that is expected by the market, so it shouldn't be a surprise. > goldman sachs has a call out...
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Dec 3, 2012
12/12
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CNBC
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how much of this demand rise are we going to see will be sandy rebound from sandy and actually real demand? >> we have low interest rates and old cars on the road. so a lot of the demand is real demand. but the other thing is that all the checks haven't been written for sandy. we've had about two weeks of checks coming from insurance companies. but there will be more probably next month of that than there is this month. so it will help. but it's the general market conditions and cars that are on average 11.1 years of age that are really driving car sales. in this low interest rate environment, this is the other big ticket item. >> how are people going to fund their purchases? you have an 11-year-old car, how are they funding the replacement of it? >> well, the availability of credit has improved dramatically over the last eight months or so. and we're even seeing people with bumps in their credit history, subprime borrowers, getting more acceptances of their car loans. and of course there are a lot of incentivized interest rates from the manufacturer's financing arms out there, as well. th
how much of this demand rise are we going to see will be sandy rebound from sandy and actually real demand? >> we have low interest rates and old cars on the road. so a lot of the demand is real demand. but the other thing is that all the checks haven't been written for sandy. we've had about two weeks of checks coming from insurance companies. but there will be more probably next month of that than there is this month. so it will help. but it's the general market conditions and cars that...
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Dec 7, 2012
12/12
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KQED
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we had a nor'easter in 2006 that came about here, about where sandy came. if you think about it 100 years ago that would be a foot and a half down, it wouldn't even have touched this building. problem is 100 years going forward, if you go up three feet, in 100 years this middle of the road nor'easter is suddenly as high as the storm of record in 1933. >> reporter: the national oceanic and atmospheric administration finds norfolk is the second most vulnerable area its size to sea level rise in the country, right behind new orleans. norfolk is particularly prone to flooding because of its location-- flanked by the atlantic ocean, the chesapeake bay and the james river. it is also slowly sinking. the city is home to roughly 250,000 people, a major port and the world's largest naval base. it is of critical importance to our national security. nearly 45% of the city's economy is tied to defense spending. and in response to sea level rise, the navy has been replacing 14 piers at a cost of $35 million to $40 million apiece. >> sea level here is coming up for lots
we had a nor'easter in 2006 that came about here, about where sandy came. if you think about it 100 years ago that would be a foot and a half down, it wouldn't even have touched this building. problem is 100 years going forward, if you go up three feet, in 100 years this middle of the road nor'easter is suddenly as high as the storm of record in 1933. >> reporter: the national oceanic and atmospheric administration finds norfolk is the second most vulnerable area its size to sea level...
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this year, many of those letters are coming from hurricane sandy victims. jenna is back with more. >> hey, willie. the letters are addressed to santa, just "dear santa" and some of them really show what a tough year it's been for many kids. the letters begin with a passionate "dear santa." >> i'm 11 years old and been really good this year. >> reporter: what follows are often emotional requests from model cars to miracles. >> what i really want is that you return my mom's health so she won't be sick anymore. >> reporter: each holiday season hundreds of thousands of letters are sent from across the country addressed to, well, to santa claus and for 100 years now fulfilling some of those wishes has been a tradition of the u.s. post office. >> this area is where we send the gifts out. >> reporter: keith fontana is keafe elf of "operation santa" at new york's main post office where last year some 500,000 letters to old st. nick came through. there are thousands of letters here. >> there's roughly about 700, 800 to each tray. >> and this is all letters to santa
this year, many of those letters are coming from hurricane sandy victims. jenna is back with more. >> hey, willie. the letters are addressed to santa, just "dear santa" and some of them really show what a tough year it's been for many kids. the letters begin with a passionate "dear santa." >> i'm 11 years old and been really good this year. >> reporter: what follows are often emotional requests from model cars to miracles. >> what i really want is...
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some criticized center after parts of sandy devastated parts of the shore. because a hurricane warning was not issued ahead of the storm. >> interesting. >> i agree 100%. it was the nor'easter, technically. because it made a transition from a warm storm to a cold storm. but as you said -- know, it had winds of 80 to 90 miles an hour. i think a lot of folks said, well, not a hurricane. not a big deal. >> wasn't a big deal. >> let's take a look at temps and conditions around the region. very quiet. 49 now. north/northwest winds, 13. it will get chilly tonight and tomorrow. then we'll talk about the weekend after this. >>> all right. cooler air headed our way. but as i mentioned, it moved out warmer this weekend. so it's not going to be a real long cold spell. not going to last. at least not this time. take a look at temps. it has dropped down to 49 here. it is freezing. 32 in oakland. and that's moving over the mountains. be here later tonight. 43 in cumberland now. 48, ocean city. and locally, temperatures generally in the 40s now. mid- to upper 40s, still wa
some criticized center after parts of sandy devastated parts of the shore. because a hurricane warning was not issued ahead of the storm. >> interesting. >> i agree 100%. it was the nor'easter, technically. because it made a transition from a warm storm to a cold storm. but as you said -- know, it had winds of 80 to 90 miles an hour. i think a lot of folks said, well, not a hurricane. not a big deal. >> wasn't a big deal. >> let's take a look at temps and conditions...
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Dec 8, 2012
12/12
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KRON
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kristin perry and his sandy live in berkeley. alicea read got the reaction. >> proposition 8 has been a hot topic for quite some time and the supreme court is reviewing it. there will be able to marry whomever they choose marriage is something they look for a word to in their lifetime batting california, that is not an option if you want a legal union with somebody o >> fairness for all, we all have the same people at the same number of chromosomes. i made a decent person, a gay man myself them one proposition 8 and 2008, this union filed a suit saying that it was not constitutional and it was discriminatory. >> there are increased hate crime between lesbians and gays because of laws like this. >> because of others in california that want to marry but cannot. the that the supreme court is reviewing the case they have hope. >> it is possible that there would not of hold the decision for us and that is a possibility and we certainly hope that does not happen. >> the of a hearing coming up in the month of march with they prove that
kristin perry and his sandy live in berkeley. alicea read got the reaction. >> proposition 8 has been a hot topic for quite some time and the supreme court is reviewing it. there will be able to marry whomever they choose marriage is something they look for a word to in their lifetime batting california, that is not an option if you want a legal union with somebody o >> fairness for all, we all have the same people at the same number of chromosomes. i made a decent person, a gay man...
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still recovering from sandy. and one queens couple is especially angry at the city for what they just received in the mail. >>> president and lawmakers reach out to the business world to help sell their plans to avoid the so-called fiscal cliff. eyewitness news at 4:00 continues with denise after this. >>> it is 4:30. 55 degrees and sunny. hello. thanks for staying with eyewitness news. i'm denise koch. here's what people are talking about. we have an updet on the break -- update on the breaking news we brought you at the top of the show. a shooting at a baltimore county hospital. meganmeghan mccorkell has the latest on a shooting at the university of maryland st. joseph medical center. meghan? >> baltimore county police remain out here on the scene of university of maryland st. joseph's medical center. we're told this incident happened around 2:30 this afternoon. you can see the video from sky eye chopper 13 right here. baltimore county police officer was here inside the emergency room. we're told that he was gu
still recovering from sandy. and one queens couple is especially angry at the city for what they just received in the mail. >>> president and lawmakers reach out to the business world to help sell their plans to avoid the so-called fiscal cliff. eyewitness news at 4:00 continues with denise after this. >>> it is 4:30. 55 degrees and sunny. hello. thanks for staying with eyewitness news. i'm denise koch. here's what people are talking about. we have an updet on the break --...
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Dec 8, 2012
12/12
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CNNW
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sunset ♪ ♪ >> danny and sandy together again. teaming up for a new christmas album. and if this music video is any indication, let's just say, it will be one of a kind. and that is the week that was. >> what a week it's been. >>> well, the ceo of netflix is under investigation and it's all because he was bragging on his facebook page, apparently. we'll explain. e district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the strategist's tablet. and while i make my way into the venue, the candidate will be rehearsing off of his phone. [ candidate ] and thanks to every young face i see out there. [ woman ] his phone is one of his biggest supporters. [ female announcer ] with cisco at the center... working together has never worked so well. maybe you want to incorporate a business. or protect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer qu
sunset ♪ ♪ >> danny and sandy together again. teaming up for a new christmas album. and if this music video is any indication, let's just say, it will be one of a kind. and that is the week that was. >> what a week it's been. >>> well, the ceo of netflix is under investigation and it's all because he was bragging on his facebook page, apparently. we'll explain. e district. the writer's desktop and the coordinator's phone are working on a joke with local color. the...
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says the cost associated with the purchase of yard house, and, of course, the impact of superstorm sandy cuts into earnings by six cents. four square cracked the top three in mobile apps rankings. according to a report, the new york based software company landed behind only facebook and twitter in theerankings. that's the latest from the fox business network giving you the power to prosper. ♪ dennis: more out of egypt. protesters lighting fires, an estimated 50,000 marchers. roiters reported that president morsi left the palace in the face was protests, left the residence, and protesters broke through police lines, and pulled back after the tear gas. thousands protesting morsi's declaration giving him nearly unrestricted powers. cheryl: west coast minute. upddte on a story we followed for you. the ports of los angeles and long beach shut right now as clerical workers enter the second week of striking. ten of the 14 terminals are shut because dock workers refuse to cross the picket line. ships idling outside waiting to be cleared to enter with some diverted now to panama. the national r
says the cost associated with the purchase of yard house, and, of course, the impact of superstorm sandy cuts into earnings by six cents. four square cracked the top three in mobile apps rankings. according to a report, the new york based software company landed behind only facebook and twitter in theerankings. that's the latest from the fox business network giving you the power to prosper. ♪ dennis: more out of egypt. protesters lighting fires, an estimated 50,000 marchers. roiters reported...
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147
Dec 4, 2012
12/12
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KTVU
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eye 147
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car sales are back on track after hurricane sandy disrupted the pace. dealership showrooms are busy again with people forced to buy cars demolished by the storm, and consumers are feeling more confident about the economy. at ford, sales were up 6.5%. gm reported a 3.4% hike in sales, while at chrysler, a 14% boost was reported. joe wiesenfelder of cars.com says due to superstorm sandy, the numbers may continue to roll in positive for months to come. "some of what we are seeing is probably deferred purchases in november from that period of the storm itself. gains were also reported among foriegn brands like toyota, where sales were up 17%. the automaker continues to recover from last year's devastating tsunami. a deal may be taking flight between virgin atlantic and delta. reuters reports that singapore airlines is planning to sell its 49% stake in virgin atlantic. sources say delta could be stepping in to buy, which would give delta access to virgin atlantic's hub at london's heathrow airport. due to heathrow's high volume of flights, many airlines are
car sales are back on track after hurricane sandy disrupted the pace. dealership showrooms are busy again with people forced to buy cars demolished by the storm, and consumers are feeling more confident about the economy. at ford, sales were up 6.5%. gm reported a 3.4% hike in sales, while at chrysler, a 14% boost was reported. joe wiesenfelder of cars.com says due to superstorm sandy, the numbers may continue to roll in positive for months to come. "some of what we are seeing is probably...
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Dec 7, 2012
12/12
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MSNBCW
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talking about sandy, there seems to be a lack of sandy effect as some had thought initially. we see a pullback, a little less than half of a percent. we have positive indications there that says the job market is doing better, too. what's your thought here? what drove this unexpected gain in jobs, basically double what some consensus numbers were? >> i think part of it is the data in which it was collected. we had an early thanksgiving so seasonal hiring for the holidays offset the superstorm sandy. in addition, i think -- and where i would differ from jared just a little bit and we rarely do -- the underlying economy is consideri considerably stronger. if you take into account the number of baby boomers that are retiring, that has not been talked about and does effect the labor force participation rate. the broadest measure of unemployment, the unemployed and those who left the workforce fell to 14.7%. so i think things are getting better. what i'm most afraid of is the type of talk we heard from speaker boehner and maxine waters. they are taking us to the cliff on both side
talking about sandy, there seems to be a lack of sandy effect as some had thought initially. we see a pullback, a little less than half of a percent. we have positive indications there that says the job market is doing better, too. what's your thought here? what drove this unexpected gain in jobs, basically double what some consensus numbers were? >> i think part of it is the data in which it was collected. we had an early thanksgiving so seasonal hiring for the holidays offset the...
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Dec 7, 2012
12/12
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CNBC
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you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one would assume in terms of good or bad for the market, for the economy. >> kernen had a good point. does strength mean the economy could handle a cliff or is it so good you wouldn't want to tamper -- >> if i wanted to create a recession, what would i do? i would raise everybody's rates. i would cut the unemployment benefit. just trying to think of a theory of how i could cause a recession. i would cut back government spending quickly. >> i would raise interest rates to 20%. >> bernanke ought to join the -- look, i think
you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one...
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Dec 7, 2012
12/12
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CNBC
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now, again, back to hurricane sandy. from the commissioner's statement, the storm we saw happen on october 29th, the next pay period ended on november 12th. the way bls essentially keeps score it says workers have to be off work for the entire pay period to be counted on the negative side. on the household survey side, persons who missed work for weather-related events are counted as employed whether or not they are paid for the time off. we did have a drop in the labor force participation rate, down 0.2 to 63.6%. how did we get to 7.7% unemployment? basically the number of unemployed persons dropped more than the number of employed and there were downward trends in both those categories. lots to chew on. back to you guys. >> hampton, thank you. we are kind of scratching our heads. let's get more reaction from our panel. mark zandi and jared bernstein are here with us. mark, what do you make of this number? we've set this up as numbers were not going to be things we watched closely because of sandy. >> i'd say two things
now, again, back to hurricane sandy. from the commissioner's statement, the storm we saw happen on october 29th, the next pay period ended on november 12th. the way bls essentially keeps score it says workers have to be off work for the entire pay period to be counted on the negative side. on the household survey side, persons who missed work for weather-related events are counted as employed whether or not they are paid for the time off. we did have a drop in the labor force participation...
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Dec 6, 2012
12/12
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CNBC
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as soon as you get done figuring out, how much is sandy, how much is not sandy, we have to start dealing with the fiscal cliff so there's a shock behind us and a shock in front of us. so we're in limbo right now. and we're expecting a big effect from sandy in the friday number, especially in maybe the household survey, they moved the survey week back a week. because of an early thanksgiving. they do that -- so instead of it being the week of the 12th, it's the week of the 5th. >> so this number is going to tell us nothing tomorrow? > know there's going to be a lot of discussion about it. i'll stick to my guns, it's a 125 to 150 economy growth some of that could be sandy. i don't donknow if you want to k about that chart. this looks at the net effect acceptable. if 30% say it's acceptable and 20% say -- these are what we asked people. how many is that? that's five of eight different solutions. >> people say, yes, we're okay dealing with the fiscal cliff, if you raise taxes on those who make more than $250,000 and then you cap deductions, and virtually everything else is off the table. >>
as soon as you get done figuring out, how much is sandy, how much is not sandy, we have to start dealing with the fiscal cliff so there's a shock behind us and a shock in front of us. so we're in limbo right now. and we're expecting a big effect from sandy in the friday number, especially in maybe the household survey, they moved the survey week back a week. because of an early thanksgiving. they do that -- so instead of it being the week of the 12th, it's the week of the 5th. >> so this...